It's amazing that people are worried that big chains like Wal-Mart and CVS aren't supporting ApplePay, when the real benefit is in the small local businesses taking advantage of it. First Data, who processes about half of the country's transactions has allowed any of their merchants with NFC capable machines to take ApplePay from day one.
I work in payment processing, and spent most of my week showing merchants how to use ApplePay. I had clients posting on their social media accounts that they take ApplePay. Big corporations are always going to have their own interest in mind, but when Rosie's Coffee shop on Main Street is EXCITED to take a mobile wallet solution, it has won.
The makers of CurrentC have zero business doing this. Keeping up with the never-ending fraud and attacks requires a skill set that those people simple do not have. Sure, they will put out the typical boilerplate nonsense in their attempt to brainwash people as to why CurrentC is safe and secure, which we know it will not be. It's their desperate attempt to keep control of customer data.
Later on, there will be a breach and they will resolve it by putting out the typical "we've been hacked, change your credentials, and we'll send you a free credit report to monitor for fraud. Thank you" crap.
What really worries me is that it requires the consumer to link they bank info to it. That alone guarantees me - and many others - to never, ever using it.
It's amazing that people are worried that big chains like Wal-Mart and CVS aren't supporting ApplePay, when the real benefit is in the small local businesses taking advantage of it. First Data, who processes about half of the country's transactions has allowed any of their merchants with NFC capable machines to take ApplePay from day one..
That's a good point!
To me, I see it as more important if my local pizza shop accepts it, and if my local supermarket accepts it and other small stores in my neighborhood instead of a Wal-Mart!
Yet, Business Insider is where Apple decided to release a statement. Out of all the choices Apple had. And everyone is linking back to Business Insider.
Did you happen to read the comments in that article? Only the uneducated BI author (who is unable to do basic math with single digit and two digit numbers) feels this way.
In the end the retail stores have control of what form of payment they take. No one can force them to take Apple Pay and if enough decide not to accept it then Apple Pay will fail. The same goes for HomeKit if third party vendors create products that use it then it should do well, if they don't then it will also fail.
The problem Apple has like with any other company providing a service is the other side has to buy into it. I'm not 100% certain on this number but I believe it was reported that 1 in 36 stores are now taking Apple Pay. Fox Business reported 200k out of 8 million.
Customers will ultimately vote on what they prefer & some solutions will be better than others. We will choose the best solution(s) for us. If it doesn't fit in my wallet and/or run on my iPhone, I probably will not use it. I do not carry loyalty cards - I use an electronic solution on the phone. If I was a business, I would take payment in almost any form I could process.
Thank you for taking the time to contact us! I apologize for the delay in response and for any inconvenience this may have caused you. Given that we are still in the process of evaluating our mobile payment options, Rite Aid does not currently accept ApplePay. We are continually evaluating various forms of mobile payment technologies, and are committed to offering convenient, reliable and secure payment methods that meet the needs of our customers. We apologize again for any inconvenience this may have caused you, and we hope to have this feature available in the future. Have a nice day, and thank you for choosing Rite Aid!
As a Google Wallet user (and as a person who has had to have every card I owned changed in the last two months because of breaches), it is my hope that Apple Pay succeeds. Because it is built on NFC technology, wherever Apple Pay is accepted, so is Google Wallet. Unfortunately, whenever idiots like Rite Aid and CVS do stuff like this, it hurts all of NFC, not just Apple Pay (i.e. Google Wallet, even NFC-chipped credit cards). The nice thing though is that as far as I can tell, the merchants listed; Walmart, Best Buy, Rite Aid, CVS, 7-Eleven, etc., are all places that I tend to avoid in shopping at anyway so this could give me just another reason to not shop there.
This news has hit big today (we've talking about it here on AI since, when was it, last Friday?).
The silly meme in almost every article seems to be that Apple is colonizing the retailers' checkout counters: Someone please explain to me, how in the heck is this even true? Why wouldn't the store know what I bought, when I bought it, and what price? For example, how else can I get after-sales service, do returns, etc.?
I predict Apple is going to win this one -- but it won't be overnight -- and when it does so, it'll be huge. The free publicity that ApplePay is getting on this in the media is priceless!
"Or maybe it doesn’t really matter. After all, how many people probably turned and walked out of a CVS this weekend because they couldn’t pay with their shiny new phones? They just did what everyone else is still doing, everyday, everywhere: They pulled out a credit card."
That is the end result. Consumers aren't going to stop shopping at these retail stores they are simply doing to pull out their card because it's the same card they have linked to Apple Pay. It isn't massively more convenient to use Apple Pay compared to swiping a card.
CurrentC will save the adopters the 2% transaction fee. If you're lucky, they'll pass on 1% to the consumers. My credit card gives me 2% cash back so... why would I go with CurrentC? Because it's less convenient or because I want to give CVS 1%?
I already knew that security is a huge issue, but here's some great news for Apple Pay!
Hacking Tops List of Crimes Americans Worry About Most
WASHINGTON, D.C. -- As the list of major U.S. retailers hit by credit card hackers continues to grow this year, Americans are more likely to worry about having credit card information they used in stores stolen by computer hackers than any other crime they are asked about. Sixty-nine percent of Americans report they frequently or occasionally worry about this happening to them. Having a computer or smartphone hacked (62%) is the only other crime that worries the majority of Americans.
To me, I see it as more important if my local pizza shop accepts it, and if my local supermarket accepts it and other small stores in my neighborhood instead of a Wal-Mart!
Too bad ShopRite was on that list of MCX members. It's my go-to supermarket, and I would love to be able to pay with ApplePay there. Now if there only was a Whole Foods or Wegmans near me, I'd be happy.
Here lies the biggest disadvantage of the capitalist systems , competing and non inclusive systems. Looks like cash won't be going away any time soon. I'm actually glad - there are still some payments I want completely anonymously wink wink
This news has hit big today (we've talking about it here on AI since, when was it, last Friday?).
The silly meme in almost every article seems to be that Apple is colonizing the retailers' checkout counters: Someone please explain to me, how in the heck is this even true? Why wouldn't the store know what I bought, when I bought it, and what price? For example, how else can I get after-sales service, do returns, etc.?
I predict Apple is going to win this one -- but it won't be overnight -- and when it does so, it'll be huge. The free publicity that ApplePay is getting on this in the media is priceless!
When are you guys going to realize it's not a binary war! There will be no one winner. There might be a market leader and in some cases thats becomes a monopoly i.e Microsoft in OS, Google in search etc But it doesn't last forever. There is no "best". Stop behaving like teenagers please and grow up! Each "widget" has its pluses and minuses and life cycle. IF your beloved phone doesn't work at all locations you do what most people do and either pull out a debit/credit card or cash. All this pathetic whining like a spoilt children is simply that, the rantings of very childish sniveling teenagers pretending to be "Adults" who think their comments are more important than they really are. In any event, who the heck cares about how you buy things. There are so many more important things to be concerned about. Jeez GET A LIFE, get laid or whatever else you do. If how you pay for something is the only way in life that gets you off and bolsters your sense of self, well I have news for you! ITS PATHETIC
In the end the retail stores have control of what form of payment they take. No one can force them to take Apple Pay and if enough decide not to accept it then Apple Pay will fail. The same goes for HomeKit if third party vendors create products that use it then it should do well, if they don't then it will also fail.
The problem Apple has like with any other company providing a service is the other side has to buy into it. I'm not 100% certain on this number but I believe it was reported that 1 in 36 stores are now taking Apple Pay. Fox Business reported 200k out of 8 million.
And when did Apple Pay go live? The fact that it's only in 3 percent of all business (which includes all cash only businesses) at launch isn't a big deal like you and a small minority of journalists are making it out to be. If there's still only a 3% penetration next year this time you've got an argument, but for now it's a non-story. What percentages of businesses accepted credit cards the day the first Visa card was available?
Diner's Club was apparently the first credit card as we know them (though they didn't charge interest yet) and it was only given to 200 people in 1950 and was only good at 14 restaurants. They haven't done too badly either over the years. I'm certain that wasn't even 3% of the restaurants in New York City let alone the whole country...
Comments
It's amazing that people are worried that big chains like Wal-Mart and CVS aren't supporting ApplePay, when the real benefit is in the small local businesses taking advantage of it. First Data, who processes about half of the country's transactions has allowed any of their merchants with NFC capable machines to take ApplePay from day one.
I work in payment processing, and spent most of my week showing merchants how to use ApplePay. I had clients posting on their social media accounts that they take ApplePay. Big corporations are always going to have their own interest in mind, but when Rosie's Coffee shop on Main Street is EXCITED to take a mobile wallet solution, it has won.
The makers of CurrentC have zero business doing this. Keeping up with the never-ending fraud and attacks requires a skill set that those people simple do not have. Sure, they will put out the typical boilerplate nonsense in their attempt to brainwash people as to why CurrentC is safe and secure, which we know it will not be. It's their desperate attempt to keep control of customer data.
Later on, there will be a breach and they will resolve it by putting out the typical "we've been hacked, change your credentials, and we'll send you a free credit report to monitor for fraud. Thank you" crap.
What really worries me is that it requires the consumer to link they bank info to it. That alone guarantees me - and many others - to never, ever using it.
Idiots.
It's amazing that people are worried that big chains like Wal-Mart and CVS aren't supporting ApplePay, when the real benefit is in the small local businesses taking advantage of it. First Data, who processes about half of the country's transactions has allowed any of their merchants with NFC capable machines to take ApplePay from day one..
That's a good point!
To me, I see it as more important if my local pizza shop accepts it, and if my local supermarket accepts it and other small stores in my neighborhood instead of a Wal-Mart!
Yet, Business Insider is where Apple decided to release a statement. Out of all the choices Apple had. And everyone is linking back to Business Insider.
So, you're really laughing at Apple.
Did you happen to read the comments in that article? Only the uneducated BI author (who is unable to do basic math with single digit and two digit numbers) feels this way.
In the end the retail stores have control of what form of payment they take. No one can force them to take Apple Pay and if enough decide not to accept it then Apple Pay will fail. The same goes for HomeKit if third party vendors create products that use it then it should do well, if they don't then it will also fail.
The problem Apple has like with any other company providing a service is the other side has to buy into it. I'm not 100% certain on this number but I believe it was reported that 1 in 36 stores are now taking Apple Pay. Fox Business reported 200k out of 8 million.
Customers will ultimately vote on what they prefer & some solutions will be better than others. We will choose the best solution(s) for us. If it doesn't fit in my wallet and/or run on my iPhone, I probably will not use it. I do not carry loyalty cards - I use an electronic solution on the phone. If I was a business, I would take payment in almost any form I could process.
Hello Chris,
Thank you for taking the time to contact us! I apologize for the delay in response and for any inconvenience this may have caused you. Given that we are still in the process of evaluating our mobile payment options, Rite Aid does not currently accept ApplePay. We are continually evaluating various forms of mobile payment technologies, and are committed to offering convenient, reliable and secure payment methods that meet the needs of our customers. We apologize again for any inconvenience this may have caused you, and we hope to have this feature available in the future. Have a nice day, and thank you for choosing Rite Aid!
Zabrina H.
Rite Aid Customer Care
As a Google Wallet user (and as a person who has had to have every card I owned changed in the last two months because of breaches), it is my hope that Apple Pay succeeds. Because it is built on NFC technology, wherever Apple Pay is accepted, so is Google Wallet. Unfortunately, whenever idiots like Rite Aid and CVS do stuff like this, it hurts all of NFC, not just Apple Pay (i.e. Google Wallet, even NFC-chipped credit cards). The nice thing though is that as far as I can tell, the merchants listed; Walmart, Best Buy, Rite Aid, CVS, 7-Eleven, etc., are all places that I tend to avoid in shopping at anyway so this could give me just another reason to not shop there.
This news has hit big today (we've talking about it here on AI since, when was it, last Friday?).
The silly meme in almost every article seems to be that Apple is colonizing the retailers' checkout counters: Someone please explain to me, how in the heck is this even true? Why wouldn't the store know what I bought, when I bought it, and what price? For example, how else can I get after-sales service, do returns, etc.?
I predict Apple is going to win this one -- but it won't be overnight -- and when it does so, it'll be huge. The free publicity that ApplePay is getting on this in the media is priceless!
"Or maybe it doesn’t really matter. After all, how many people probably turned and walked out of a CVS this weekend because they couldn’t pay with their shiny new phones? They just did what everyone else is still doing, everyday, everywhere: They pulled out a credit card."
That is the end result. Consumers aren't going to stop shopping at these retail stores they are simply doing to pull out their card because it's the same card they have linked to Apple Pay. It isn't massively more convenient to use Apple Pay compared to swiping a card.
CurrentC will save the adopters the 2% transaction fee. If you're lucky, they'll pass on 1% to the consumers. My credit card gives me 2% cash back so... why would I go with CurrentC? Because it's less convenient or because I want to give CVS 1%?
I already knew that security is a huge issue, but here's some great news for Apple Pay!
Hacking Tops List of Crimes Americans Worry About Most
WASHINGTON, D.C. -- As the list of major U.S. retailers hit by credit card hackers continues to grow this year, Americans are more likely to worry about having credit card information they used in stores stolen by computer hackers than any other crime they are asked about. Sixty-nine percent of Americans report they frequently or occasionally worry about this happening to them. Having a computer or smartphone hacked (62%) is the only other crime that worries the majority of Americans.
http://www.gallup.com/poll/178856/hacking-tops-list-crimes-americans-worry.aspx
That's a good point!
To me, I see it as more important if my local pizza shop accepts it, and if my local supermarket accepts it and other small stores in my neighborhood instead of a Wal-Mart!
Too bad ShopRite was on that list of MCX members. It's my go-to supermarket, and I would love to be able to pay with ApplePay there. Now if there only was a Whole Foods or Wegmans near me, I'd be happy.
This news has hit big today (we've talking about it here on AI since, when was it, last Friday?).
The silly meme in almost every article seems to be that Apple is colonizing the retailers' checkout counters: Someone please explain to me, how in the heck is this even true? Why wouldn't the store know what I bought, when I bought it, and what price? For example, how else can I get after-sales service, do returns, etc.?
I predict Apple is going to win this one -- but it won't be overnight -- and when it does so, it'll be huge. The free publicity that ApplePay is getting on this in the media is priceless!
er its called a receipt!
When are you guys going to realize it's not a binary war! There will be no one winner. There might be a market leader and in some cases thats becomes a monopoly i.e Microsoft in OS, Google in search etc But it doesn't last forever. There is no "best". Stop behaving like teenagers please and grow up! Each "widget" has its pluses and minuses and life cycle. IF your beloved phone doesn't work at all locations you do what most people do and either pull out a debit/credit card or cash. All this pathetic whining like a spoilt children is simply that, the rantings of very childish sniveling teenagers pretending to be "Adults" who think their comments are more important than they really are. In any event, who the heck cares about how you buy things. There are so many more important things to be concerned about. Jeez GET A LIFE, get laid or whatever else you do. If how you pay for something is the only way in life that gets you off and bolsters your sense of self, well I have news for you! ITS PATHETIC
In the end the retail stores have control of what form of payment they take. No one can force them to take Apple Pay and if enough decide not to accept it then Apple Pay will fail. The same goes for HomeKit if third party vendors create products that use it then it should do well, if they don't then it will also fail.
The problem Apple has like with any other company providing a service is the other side has to buy into it. I'm not 100% certain on this number but I believe it was reported that 1 in 36 stores are now taking Apple Pay. Fox Business reported 200k out of 8 million.
And when did Apple Pay go live? The fact that it's only in 3 percent of all business (which includes all cash only businesses) at launch isn't a big deal like you and a small minority of journalists are making it out to be. If there's still only a 3% penetration next year this time you've got an argument, but for now it's a non-story. What percentages of businesses accepted credit cards the day the first Visa card was available?
Diner's Club was apparently the first credit card as we know them (though they didn't charge interest yet) and it was only given to 200 people in 1950 and was only good at 14 restaurants. They haven't done too badly either over the years. I'm certain that wasn't even 3% of the restaurants in New York City let alone the whole country...
I don't get how CVS can get it so right with banning tobacco products and so wrong banning Apple Pay.